Transition Studies: More Pros than Cons

When community associations assume ownership of their buildings, the process is essentially no different than an individual purchasing a car or home, or making a substantial investment in the stock market.? Performing due diligence is always good practice to ensure you are getting what you paid for. Although individual unit owners may have performed some due diligence through home inspections, the ownership “transition” period is the most opportune time for community associations to assess the condition of their common elements. Such assessments, commonly known as transition studies, should be performed by experienced engineering professionals that have the expertise to identify potential deficiencies that may require future attention. Read the article………….

There are numerous insurance risks associated with every construction project, however, one of the most important policies is all too often overlooked by architects, engineers and construction managers

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Community Associations Network (CAN) is the largest FREE resource for condominiums, homeowner (HOA) and property owner (POA) associations, Planned Unit Developments, Common Interest Developments (CID), and community associations, as well as the managers, attorneys, accountants, insurance agents and vendors that work with them. There are now over 15,000 articles and links to news items and articles available here. Use the search above to find what you need. For copyright reasons, we can only use a short extract from the article before linking you to the full article.